About Enerplus TSX, NYSE ERF Market Cap C3.0 billion Canadian Oil Waterfloods Production(4): 14,700 BOE/d Net Debt(1) C0.7 billion Enterprise Value C3.8 billion 2016E Total Production 93 MBOE/d Williston Basin Production(4): 33,000…
Key Messages Positioned for profitable and sustainable growth Strong balance sheet Reduced cost structure driving margin expansion Top quartile capital efficiencies Strong & focused portfolio Core Bakken position at Fort Berthold…
Strong Balance Sheet & Liquidity Position Significant Financial Flexibility Debt, net of Cash Net debt reduced 45% since YE 2015(1) C millions Senior notes outstanding: 729.1MM(2) 1,400 1,216 Cash available: 75MM 1,200 1,000 800…
Reduced Cost Structure Driving Margin Improvement Strong cost focus and efficiency improvements Divestment of properties with higher operating costs Reduced staff levels with more focused asset base Debt reduction has significantly…
High Quality Assets, Capital Efficient Operations Consistently delivering competitive F&D Strong capital efficiencies; 90% of capital costs driven by North Dakota and Marcellus focused on crude oil projects 2015 3-Year Average 2P…
2017 Preliminary Outlook Reinitiating Growth, Accelerating Crude Oil Production 2017 preliminary capital program of 400MM Capital Spending C millions Largely focused on crude oil growth in North Dakota 500 2nd operated rig in North…
Hedging Summary Protecting Cash Flow Crude Oil Hedging Summary(1)(2) Natural Gas Hedging Summary(1)(2) bbls/day; WTI US/bbl Mcf/day; NYMEX US/Mcf 20,000 80,000 60.33 18,000 x 50.61 16,000 x 61.14 39.62 60,000 14,000 x 50.29 12,000 x…
Fort Berthold Efficiencies Focused on Continuous Improvement Drilling Efficiency Gains Long Lateral Wells Improving Total Well Costs Drilling Days vs Depth (ft) Drill, Complete, Tie-in & Facilities (USMM) Days 0 2 4 6 8 10 12 14 16…
Fort Berthold Well Performance High Intensity Completions High intensity completion design (1,000 lbs/ft. of proppant) driving strong performance Wells generating 30% 55% IRRs at WTI US50/bbl(1) Enerplus Bakken Well Performance…
North Dakota Well Performance vs Peers Basin Leading Well Productivity Core acreage position and high intensity completions driving strong productivity 180-day IP rates 80% higher than peer average Average First 6 Months Oil…
Fort Berthold Type Curves and Well Economics Fort Berthold Type Curves Well / Economic Assumptions Barrels of oil per day Lateral length 10,000 ft. 1,800 1,600 1,200 MBO Type Curve (1,400 MBOE) Proppant loading 1,000 lbs/lateral ft 1,400…
Fort Berthold Well Density and Inventory Significant Resource Opportunity Planning for higher density in the Middle Bakken Increasing to 6 Middle Bakken wells/DSU (compared to 4 previously) Well spacing and completions design tests…
Industry Bakken Oil Production & Takeaway Capacity Declining basin production and strong local refinery demand narrowing differentials Potential for further differential improvement as pipeline egress increases Williston Basin…
Marcellus Core Acreage Position in NE Pennsylvania Enerplus Land Key Details Marcellus Well Net Acreage 40,000 acres Thickness 2P Reserves(1) 841 Bcf Contingent Resources(1) 803 Bcf Future Net Drilling Locations(2) 128 Net…
Marcellus Well Results Continued Strong Performance Completion design continuing to shift to higher proppant volumes 2,000 lbs/ft. Average Cumulative Gas Production(1)(2) Bcf 8 Lateral Lat. length Length < 4,000 Less Than…
Marcellus Type Curves & Well Economics Marcellus Type Curves Well / Economic Assumptions MMcf of gas per day Lateral Length 5,500 ft. 12 15 Bcf Type Curve Proppant Loading 1,600 lbs/lateral ft. 10 10 Bcf Type Curve 8 Well Cost…
NE Pennsylvania Pipeline Projects 5.8 Bcf per day of Projects Planned Incremental Takeaway Project Pipeline Owner Destination In Service (MMcf/day) Atlantic Bridge Algonquin Spectra 133 NE Q4 2017 Connecticut Expansion TGP KM 72 NE…
Marcellus NE PA Pipeline Infrastructure Future Takeaway Capacity At current rig count, DUC completions are helping fill the gap between productive capacity and regional market takeaway capacity Expecting basis differential improvement…
Marcellus Potential for Significant Cash Flow with Improving NYMEX & Tightening Basis At current production levels, cash margin of US1.00/Mcf in 2017 would represent US70MM in annual cash flow Indicative Basis Improvement and Cash…
Enerplus Marcellus Marketing Portfolio Enerplus Committed Sales and Transport MMcf per day 160 140 120 100 80 60 40 20 - 2017 2018 2019 Discount to Discount to Discount to NYMEX(1) % of Q3 16 NYMEX(1) % of Q3 16…
Canadian Waterflood Portfolio Large Oil in Place, Low Decline, Stable Production Key Details Discovered OOIP(1) (bbls) 1.1 billion 2P Reserves(2) (MMBOE) 58 Contingent Resources(2) (MMBOE) 35 Future Net Drilling Locations(3) 93…
Canadian Waterfloods Ante Creek Strong Secondary Recovery Potential Waterflood portfolio optimization Acquired production of 3,800 BOE/day High-netback, light oil production Ability to operationalize asset within Enerplus waterflood…
Medicine Hat Glauc C Unit Polymer Flooding Polymer flooding delivering strong production performance in initial two projects Potential for additional polymer projects with multiple backfill phases to extend stable production 4-2…
Why Invest in Enerplus Positioned for profitable, sustainable growth Strong financial position High quality asset base Disciplined capital allocation Top quartile capital efficiencies Solid operational execution Margin…
2016 Guidance Update November 2016 August 2016 May 2016 February 2016 Guidance Update Guidance Update Guidance Update Guidance Capital Spending 215MM 215MM 200MM 200MM Average Production 93,000 92,000 94,000 90,000 94,000 90,000…
Investor Relations Contacts Drew Mair 1-800-319-6462 Manager, Investor Relations investorrelationsenerplus.com 403-298-1707 dmairenerplus.com www.enerplus.com Krista M. S. Norlin The Dome Tower Sr. Investor Relations Analyst…
Loading...
